Some people spend up to GBP 10,000 on improving their gardens when they move to a new home, a survey has revealed.
More than half of the 2,411 questioned admitted spending more than GBP 500 on their garden when they bought a new home, while more than a fifth spent GBP 1,000.
One per cent lavished GBP 10,000 on their outdoor space and Saga Insurance, which commissioned the survey, says that millions of Britons are now adding value to their property by carrying out garden makeovers.
An overwhelming 82 per cent said the garden was an extremely important feature when house-hunting, and believe making improvements boosted their property’s value by an average of GBP 7,500.
A quarter of homeowners replanted the lawn, shrubs and plants as soon as they moved in, while 39 per cent gutted the garden of all its original contents, and started from scratch, redesigning the layout and re-landscaping.
More than one in ten installed decking and created a fish pond, while 28 per cent created a patio and six per cent built a pergola.
Andrew Goodsell, Chief Executive of Saga said: ‘Whether you’re improving the kerb appeal of your house in preparation for sale or enhancing your living space purely for pleasure, this research shows that the impact a garden has on both property prices and emotional fulfilment can never be underestimated.’
But Martin Ellis, Chief Economist at mortgage lender Halifax, said: ‘I wouldn’t expect spending GBP 500 on a garden to boost your property value by that much.’
He said people would have to do something quite major to their garden for it to have an impact on the price of their property, although he added that if people were putting their home on the market, improving the garden could increase its saleability.